“It is clear carbon emissions trading will continue to grow, nationally and internationally.
“At the moment the two biggest schemes are the European Union’s Emissions Trading Scheme and the UN’s Clean Development Mechanism, both of which arose from the Kyoto Protocol.
“According to estimates by the World Bank released in May, the total world carbon-trading market in 2006 was $US30 billion ($35 billion), with the ETS accounting for $US24.4billion and the CDM $US5.2 billion. It is a pity both these schemes have been disgracefully rorted…
Read the complete article by Alan Wood here: http://www.theaustralian.news.com.au/story/0,20867,21895314-31478,00.html